Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h +0.004%
Price spread now: Reya against Hyperliquid−0.224%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Reya is 0.224% cheaper against Hyperliquid than usual: you would sell low and buy high, −$22 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid kSHIB | 0.000005995 | 0.0327 | pay 0.0041% / 1h | 44m 16s | $3.8M | $4.6M | 10x |
| Short | Reya kSHIBRUSDPERP | 0.000005982 | 0.0323 | get 0.0040% / 1h | 44m 16s | $1 | — | 20x |
Hyperliquid kSHIB
Reya kSHIBRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.93
- Price spread: −0.224% → 0.000%
- −$22.37
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$38.3
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Reya: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 7 min ago | 0.83 bp | 5.3 bp −$5 | 5.3 bp −$53 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SHIB on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005979 | −0.270% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005985 | −0.170% | $190K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005989 | −0.107% | $728 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.751% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000006019 | +0.400% | $156K | $987K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000005991 | −0.067% | — | $2.1M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0084% | 1h | 0.000005995 | 0.000% | $46K | $65K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005998 | +0.050% | $252K | $486K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005980 | −0.246% | $39K | $183K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005994 | −0.017% | $29.4M | $101.1M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005992 | −0.050% | $9.0M | $35.4M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005988 | −0.117% | $6.9M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005992 | −0.050% | $30.9M | $17.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005990 | −0.083% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005992 | −0.050% | $11.3M | $14.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005995 | 0.000% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005992 | −0.050% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005997 | +0.033% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005994 | −0.017% | $529 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005986 | −0.150% | $411K | $604K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005993 | −0.033% | $2.1M | $6.5M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005994 | −0.017% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0127% | 8h | 0.000005984 | −0.191% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000005985 | −0.167% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.597% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006010 | +0.250% | $871K | $935K | 50x | as long as short |
| Reya kSHIBRUSDPERPshort | +0.0323% | 1h | 0.000005982 | −0.224% | $1 | — | 20x | |
| Hyperliquid kSHIBlong | +0.0327% | 1h | 0.000005995 | long leg | $3.8M | $4.6M | 10x | |
| Kraken Futures PF_SHIBUSD | +0.0761% | 1h | 0.000005987 | −0.129% | $1.1M | $852K | 50x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Kraken Futures PF_SHIBUSD